Summary: S.Con.Res.75 — 99th Congress (1985-1986)All Information (Except Text)

There is one summary for S.Con.Res.75. Bill summaries are authored by CRS.

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Introduced in Senate (10/03/1985)

Expresses the sense of the Congress that the President should: (1) purchase petroleum from Mexico for the strategic petroleum reserve by using the total amount in such reserve that is available for acquisition of petroleum products; and (2) submit to the Congress a plan to make available to Mexico an additional $1,500,000,000 in a loan to be repaid, with interest, with petroleum for the strategic petroleum reserve. Urges such plan to offset the Federal budget by the amount of the outlay of such loan by reducing expenditures.